Which of the following is an example of a variable expense? (A) weekly martial arts lesson (B) rent (C) entertainment (D) monthly bus pass
Question
Which of the following is an example of a variable expense?
(A) weekly martial arts lesson
(B) rent
(C) entertainment
(D) monthly bus pass
Solution
Step 1: Define the Problem
Identify which option represents a variable expense.
Step 2: Break Down the Problem
- Variable Expense: Costs that can change from month to month based on usage or choice.
- Fixed Expense: Costs that remain constant each month.
Step 3: Apply Relevant Concepts
- Weekly Martial Arts Lesson: Could vary if the number of lessons changes.
- Rent: Typically a fixed monthly cost.
- Entertainment: Can vary based on activities chosen.
- Monthly Bus Pass: Usually a fixed monthly cost.
Step 4: Analysis, Verify and Summarize
- Weekly Martial Arts Lesson: Could be variable if the number of lessons changes.
- Entertainment: Clearly variable as it depends on personal choice and frequency.
Final Answer
(C) entertainment
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